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View Diary: Taibbi, Naked Capitalism Re: Our Bipartisan "Fraudemocracy" (261 comments)

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  •  You have some control... (2+ / 0-)
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    esquimaux, sabredance

    First - this isn't capitalism.  This is taking your money to save failed elites.  Capitalism was ready to give the banks their comeuppance, when Bush and the dem congress rode in and looted the treasury.   Capitalism lets failed business fail.

    Let's not put an -ism on this current economy; taibbi calls it fraud, I call it theft.  

    You can become less precarious by being financially astute, and living within your means.  Yes, banks rigged the housing game, but many Americans participated.    

    This financial crisis not over.  There is much to do, to fix it.

    •  Hah! (5+ / 0-)

      Since when is capitalism anything but the rule of the capitalists?

      As to "making oneself less precarious, you reveal your own privileged status by assuming most of us have choices other than to take whatever slop is thrown in our direction.  Clue train says:  most of us have no such choices.

      We who have been nothing shall be all. This is the final struggle. ~E. Pottier

      by ActivistGuy on Sun May 02, 2010 at 08:55:04 AM PDT

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      •  Don't waste energy... (1+ / 0-)
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        Don't waste energy figuring me out.  Am I privileged? Yep.   So what?   Common sense financial advice and living within your means works for all of us.

        I don't buy the "no choices" stuff...too easy to lay down and give up when you think that way.  I'm no motivational speaker, but a little more "yes we can" and things willl change for the better. Hang in there, then fight back.  :)

        I always thought capitalism is the idea that money goes where return is highest.   What you're describing, and we're living, is oligarchy.    

        •  And when your means (7+ / 0-)

          doesn't cover food, medical, shelter and the other necessities? What about the tens of millions, and growing, number who are in that boat?

          Until we break the corporate virtual monopoly on what we hear and see, we keep losing, don't matter what we do.

          by Jim P on Sun May 02, 2010 at 09:38:26 AM PDT

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          •  I agree (0+ / 0-)

            And like the end of your post states, information is power.  Corporate media favors elites because they own it.  When GE owned CNBC, immelt softenend up on Obama because they needed more bailout money.  This is routine; corporate media sucks.

            I remain shocked that the dispossessed are so, well, passive.  Either it's not as bad as you think, or, they are sufficiently well-controlled by propaganda.  I suspect both.

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